Axis Bank Extends INR 1 Billion Loan to Everest Fleet Under GuarantCo Partnership for Purchase of Electric Vehicles (EV) in India
Axis Bank, one of the leading private sector banks in India, in collaboration with GuarantCo, a part of the Private Infrastructure Development Group (PIDG), has extended INR 1 billion (c. USD 12.1 million), loan for over four-years to Everest Fleet,…
EU’s Anti-subsidy EV Probe Prompts Retaliation From China
The European Commission’s anti-subsidy probe into electric vehicle (EV) imports from China prompted a retaliation from the Chinese government. The Chinese government launched a trade probe into luxury liquor producers from Europe. Fortune states that Beijing’s probe targets liquor producers…
EV Policy Will be Put up for Cabinet Approval in a Few Days
People waiting to avail of the subsidy on e-vehicles purchased in January will soon get the benefits as the existing policy is expected to be extended for another three months. Officials said the Transport Department will put up a cabinet…
Naqvi Announces 26,000 Interest-free Electric Bikes, Rickshaws for Public
Punjab Caretaker Chief Minister Mohsin Naqvi unveiled a groundbreaking initiative, announcing the distribution of 26,000 electric motorbikes and rickshaws to the public on interest- free basis – a groundbreaking milestone in Pakistan’s history. The announcement took place at a special…
Islamabad Orders Electric Buses From China
Higer itself provides very little information about the buses’ drive systems in the press release. A combination of a powerful motor and a “high-quality” battery is installed. The range is given as more than 250 kilometres. The vehicles themselves appear…
Svitch Launches CSR 762 Electric Bike at Rs 1.90 Lakh- offers 190 km Range
Less than 90 days after announcing its launch, Ahmedabad-based technology startup has introduced its first electric motorcycle named CSR 762. Priced at Rs 1.90 lakh (ex-showroom), the motorcycle was showcased almost two years ago and was initially slated to make…
Ather 450S Electric Scooter Gets Massive Rs 20,000 Price Cut
Bengaluru-based electric vehicle manufacturer Ather Energy has announced a price cut on its entry-level model, the 450S. In its bid to expand its customer base and make the model a more competitive product in the market, the EV maker has…
Wave of EV Makers Choose NVIDIA DRIVE for Automated Driving
NVIDIA announced that Li Auto, a pioneer in extended-range electric vehicles (EVs), has selected the NVIDIA DRIVE Thor™ centralized car computer to power its next-generation fleets. NVIDIA also announced that EV makers GWM (Great Wall Motor), ZEEKR and Xiaomi have…
China Wants its Massive EV Fleet to Plug in And Charge the Power Grid
In the industrial hub of Wuxi near Shanghai, car owners recently took part in China’s largest experiment to rewire the grid and take advantage of its world-leading fleet of electric vehicles. Instead of charging up after plugging in, 50 EVs…
Aponyx Introduces a Portable Charging Solution to Help India’s Electric Vehicle Evolution
Aponyx Electric Vehicles, a leading company in the EV sector is making an effective step in India’s transition to sustainable transportation by announcing the launch of its portable charging solution. The company is devoted to increasing the adoption of electric…
